's q. Because managers sell shares when a firm's stock is performing well, large contemporaneous decreases in managerial …

In an environment in which bureaucratic burden and delay are exogenous, an individual firm may find bribes helpful to … nominal) red tape and bribery may be positively correlated across firms. Using data from three worldwide firm-level surveys …, we examine the relationship between bribe payment, management time wasted with bureaucrats, and cost of capital. Contrary …

the position of the respondent within the firm affects the provided responses. Fourth, because our survey measures firms …' expectations about aggregate and firm-level wage growth along with their inflation expectations, we are able to show that …

We construct novel text-based measures of firm-level cyber risk exposure based on quarterly earnings calls of 12 … exposure has significant direct and contagion effects on stock returns. Finally, there is a factor structure in our firm …

We study how the arrival of macro-news affects the stock market's ability to incorporate the information in firm …-level earnings announcements. Existing theories suggest that macro and firm-level earnings news are attention substitutes; macro …-news announcements crowd out firm-level attention, causing less efficient processing of firm-level earnings announcements. We find the …

information at the firm-level, we show that the horizontal shock is detrimental to firms' sales, employment, and innovation …

This paper examines how a firm's choice of the type of experiment impacts on its potential exploitation of new …

heterogeneous reactions to business-cycle shocks and policy interventions. We conclude by highlighting the relevant open questions …

To understand how global firm networks operate, we need consistent information on their activities, unbiased by their … manufacturing plants. We show that nightlight data can measure activity at such a granular level, using annual firm financial data …